China's industrial output growth picked up in July, according to data released Friday by the National Bureau of Statistics (NBS).
Industrial value-added output expanded 9.7 percent year on year in July, 0.8 percentage point higher than June's 8.9 percent and the highest growth in past five months, data show.
The industrial output growth data reflected a similar acceleration in the manufacturing purchasing managers index (PMI), which rose slightly to 50.3 percent in July from 50.1 percent in June, according to survey results published by the China Federation of Logistics and Purchasing and the NBS last week.
On a month-on-month basis, industrial output growth in July added 0.88 percent from June, according to the NBS.
During the first seven months of the year, industrial value-added output increased 9.4 percent year on year.
State-owned enterprises registered an annual growth rate of 8.1 percent in July, while overseas-funded companies posted growth of 7.9 percent in the month. Joint-equity companies led the gains by expanding 11.1 percent in the month.
Source: English.news.cn
